Biological Theories of the Firm

P. J. Curwen

Chapter Chapter 18 in The Theory of the Firm, 1976, pp 123-126 from Palgrave Macmillan

Abstract: Abstract A number of theories of the firm have their roots in the physical sciences, particularly in biology. Such theories can be divided into two groups consisting of (1) theories of homeostasis which emphasise short-run changes, and (2) theories of viability which emphasise long-run changes.1 In both cases the underlying analogy is that firms, like organisms, start small, then mature and produce offspring, and eventually die.

Date: 1976
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DOI: 10.1007/978-1-349-15645-0_18

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